Stryker completes $1.4B acquisition of K2M — 3 notes

Stryker closed its agreement to purchase K2M for $1.4 billion.

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K2M designs complex spine and minimally invasive devices and technology.

Here are three things to know:

1. The deal was finalized Nov. 9 after K2M shareholders approved the acquisition Nov. 7. 

2. K2M stockholders will receive $27.50 in cash per share.

3. K2M Chairman, CEO and President Eric Major will serve as president of Stryker’s spine division.

More articles on devices and implants:
Spinal implants market to experience 5.5% CAGR by 2023: 5 notes
Robotic surgery is like the iPhone of Apple — Dr. Roger Smith explains what’s to come for surgeons
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